The number of cards with a credit function in Japan stood at 281.08 million units in 2023. From 2024 to 2028, the forecasted values show a slight decline, moving from 280.86 million units in 2024 to 280.01 million units in 2028. The year-on-year variation indicates a relatively minor decrease, reflecting a stable market with minimal fluctuations. Over the last two years, the trend shows a consistent and negligible decline in the number of credit-function cards. The Compound Annual Growth Rate (CAGR) over the last five years is also expected to be marginally negative, indicating very slight decreasing usage over the forecast period.
Future trends to watch for include the shift towards digital payment methods and the potential impact of evolving financial technologies (fintech) on the traditional credit card market. Additionally, monitoring demographic changes and consumer behavior towards credit utilization will be essential in predicting long-term market dynamics.
